Financial analysis: The following selected balances were taken from the financial statements of the Sleeper Retail Company. Use only the data needed to answer the questions below and on the following page. Total current assets $120,000 Accounts receivable (January 1, 2020) 24,000 Accounts receivable (December 31, 2020) 20,000 Cost of goods sold 84.000 Inventory (January 1, 2020) 14.000 Inventory (December 31, 2020 10,000 Net Sales (all made on CREDIT 220.000 Please, show and label all work for the calculations. 1. Compute the company's accounts receivable turnover in days (average collection period) for 2020. If the company's credit terms are (2/10: N 30) how is the company doing? Computation: How is the company doing? 2. Compute the company's inventory turnover. Approximately how many days on average does it take for the inventory to sell? 3. Calculate Sleeper's TOTAL Operating cycle in days Recall that Sleeper is a retail company. 4. In a manufacturing company what are the names of three costs that go into making a finished good? When do these product costs become expenses and why are they not expensed immediately as incurred? Be clear and thorough and use good accounting principles explanations